Company Overview

We extract meaningful information from images

“Relentless” best describes Parascript's scientists that use image analysis and pattern recognition techniques to extract meaningful information from images.

They make automated form processing, fraud prevention, medical imaging, and payment and postal automation possible with the highest levels of recognition accuracy and the lowest error rates in the industry. No other technology captures all character types from any image, including cursive (NHR®), handprint (ICR) and machine print (OCR). 

Parascript's ability to solve complex image processing and recognition problems helps commercial and government organizations transform data into electronic information that automates costly data entry and improves decision quality.

How we do it

Parascript has accumulated decades of experience in extracting and interpreting meaningful information from images in areas such as document processing, fraud detection, and medical imaging. Our image analysis and pattern recognition technology interprets human thinking patterns based on cognitive science, neural networks, and artificial intelligence. Parascript successfully applies image analysis technology to the most challenging requirements in payment and mail automation, form processing, and computer-aided detection for mammography.

Parascript was the first to solve the cursive handwriting puzzle. We've been global leaders for more than a decade in providing check amount recognition for banking applications, and as the supplier of address recognition and interpretation software to postal agencies throughout the world.

Parascript software processes over 100 billion imaged documents per year. We are the image analysis and recognition solution for the United States Postal Services and other Global 2000 organizations, including Böwe Bell + Howell, CheckFree - now part of Fiserv, Elsag, Lockheed Martin, NCR, Siemens, and Unisys.

Trusted provider of state-of-the-art solutions

Over the years, Parascript has been established as a trusted provider of state-of-the-art solutions applying image analysis and pattern recognition algorithms to a number of markets. The universality of our image analysis algorithms, as well as the broad range of expertise and accumulated knowledge, allows us to quickly and efficiently apply this technology to a broader range of fields to bring the benefits of exceptional accuracy of region of interest location and low false-positive rates to the attention of new markets such as the medical imaging industry.

Examples of image analysis include:

• Region of interest location on letters, flats, and parcels
• Automatic indicia location and detection on envelope images
• Check stock verification and signature authentication
• Identification of suspicious areas in medical images such as mammograms

With Parascript image analysis and pattern recognition technology, you can automatically and accurately capture and interpret any type of text, including cursive, handprint and machine print, from forms, checks, and mail, dramatically reducing data entry expenses in postal and payment automation as well as forms processing markets.